Shock! Do you want a new gold-backed Tezos? 👀

💵Tether announced the launch of a new line of digital assets and a platform based on smart contracts, under the name Alloy by Tether.

The first asset on the platform became the coin aUSD₮.
The price of this digital currency will be directly tied to the US dollar exchange rate.
But unlike USD₮, which is backed by a basket of assets including fiat currencies and securities, aUSD₮ is backed by Tether Gold (XAU₮) - a stablecoin pegged to the price of an ounce of gold.
XAU₮, in turn, is backed by physical gold bars stored in a Swiss vault.

According to Tether representatives, users will be able to continue to hold gold in the form of XAU₮, while using it as collateral to obtain a new token aUSD₮ as a means of settlement.
This allows investors not to sell their gold in the form of XAU₮ for transactions.💲